Daniel Mudd, the former Fannie Mae CEO who is the subject of a new, massive Securities and Exchange Commission (SEC) fraud suit, announced Wednesday morning that he is taking a leave of absence from his current employer, Fortress Investment Group (FIG), New York.

The publicly traded FIG controls Nationstar Mortgage, Irving, Texas, a major subservicing contractor to the government-controlled Fannie. It also has been a buyer of Freddie Mac MSRs. Until his leave of absence deal was struck, Mudd served as CEO and director of Fortress.

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